Buyer or Seller Market? ποΈπ Find Out Now!
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Buyer’s or Seller’s Market? ποΈπ°π Stay Ahead! Find out what kind of market we're in and how it can affect your real estate decisions.
Here's a quick overview:
π Buyer’s Market Indicators:
- High Inventory Levels: Many options for buyers.
- Longer Days on Market: Homes sit longer before being sold.
- Lower Prices: Less competition drives prices down.
- Negotiation Power: Buyers can negotiate better deals.
π Seller’s Market Indicators:
- Low Inventory Levels: Few homes available.
- High Demand: Properties move fast.
- Higher Prices: Increased competition drives prices up.
- Multiple Offers: Sellers see offers above asking price.
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π Key Metric:
Sales to Active Listings Ratio: Measures the percentage of homes being sold against active listings. Above 20% is a seller’s market. Below 12% is a buyer’s market.
We are heading into a buyer's market. What do you think? Where do you see the market going in the next few months?
π Have questions or need help with your real estate plans? Use the link below to book a time at your convenience.
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Your Langley and Fraser Valley Realtor. π‘
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